WASDE - 637 - 8 June 2023 World and U.S. Supply and Use for Grains 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World Total Grains 4/ 2021/22 2799.17 3592.71 513.45 2802.35 790.36 2022/23 (Est.) 2744.10 3534.46 486.99 2769.38 765.08 2023/24 (Proj.) May 2819.82 3580.01 500.44 2810.20 769.81 Jun 2833.97 3599.05 506.34 2818.07 780.98 Wheat 2021/22 780.25 1063.45 202.98 792.52 270.93 2022/23 (Est.) 788.50 1059.43 215.56 792.77 266.66 2023/24 (Proj.) May 789.76 1056.05 209.72 791.70 264.34 Jun 800.19 1066.85 212.62 796.14 270.71 Coarse Grains 5/ 2021/22 1504.97 1828.12 253.60 1491.06 337.06 2022/23 (Est.) 1443.08 1780.14 216.01 1455.22 324.92 2023/24 (Proj.) May 1509.53 1834.26 234.91 1495.48 338.78 Jun 1513.29 1838.21 237.91 1498.16 340.05 Rice, milled 2021/22 513.95 701.14 56.87 518.77 182.37 2022/23 (Est.) 512.53 694.89 55.43 521.40 173.49 2023/24 (Proj.) May 520.52 689.70 55.81 523.02 166.68 Jun 520.49 693.99 55.81 523.77 170.21 United States Total Grains 4/ 2021/22 448.60 513.38 94.85 360.68 57.85 2022/23 (Est.) 408.46 473.88 69.24 348.04 56.60 2023/24 (Proj.) May 453.29 516.49 81.49 359.39 75.61 Jun 453.45 517.54 81.49 359.39 76.66 Wheat 2021/22 44.80 70.40 21.78 29.61 19.01 2022/23 (Est.) 44.90 67.31 21.09 29.94 16.28 2023/24 (Proj.) May 45.16 65.12 19.73 30.26 15.12 Jun 45.32 65.28 19.73 30.26 15.28 Coarse Grains 5/ 2021/22 397.71 434.32 70.46 326.28 37.58 2022/23 (Est.) 358.47 398.96 46.18 313.31 39.47 2023/24 (Proj.) May 402.01 443.15 59.41 324.23 59.50 Jun 402.01 444.06 59.41 324.23 60.41 Rice, milled 2021/22 6.08 8.67 2.61 4.80 1.26 2022/23 (Est.) 5.09 7.61 1.97 4.79 0.84 2023/24 (Proj.) May 6.12 8.23 2.35 4.89 0.99 Jun 6.12 8.20 2.35 4.89 0.96 ================================================================================ WASDE - 637 - 9 June 2023 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use Stocks ================================================================================ Foreign 3/ Total Grains 4/ 2021/22 2350.57 3079.33 418.60 2441.67 732.51 2022/23 (Est.) 2335.64 3060.59 417.75 2421.34 708.48 2023/24 (Proj.) May 2366.52 3063.52 418.95 2450.81 694.19 Jun 2380.52 3081.51 424.85 2458.69 704.32 Wheat 2021/22 735.44 993.06 181.20 762.91 251.93 2022/23 (Est.) 743.60 992.12 194.46 762.83 250.38 2023/24 (Proj.) May 744.61 990.93 189.99 761.44 249.22 Jun 754.87 1001.57 192.89 765.87 255.43 Coarse Grains 5/ 2021/22 1107.26 1393.80 183.15 1164.78 299.47 2022/23 (Est.) 1084.62 1381.18 169.83 1141.91 285.45 2023/24 (Proj.) May 1107.51 1391.11 175.50 1171.24 279.28 Jun 1111.28 1394.16 178.50 1173.93 279.64 Rice, milled 2021/22 507.87 692.47 54.26 513.97 181.11 2022/23 (Est.) 507.43 687.28 53.46 516.60 172.65 2023/24 (Proj.) May 514.41 681.47 53.46 518.13 165.69 Jun 514.37 685.78 53.46 518.88 169.25 ================================================================================ World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World 2021/22 115.78 202.00 43.00 115.90 86.16 2022/23 (Est.) 116.32 202.47 37.78 109.09 92.89 2023/24 (Proj.) May 115.69 208.32 42.85 116.23 92.28 Jun 116.72 209.61 43.75 117.00 92.79 United States 2021/22 17.52 20.68 14.62 2.55 3.75 2022/23 (Est.) 14.47 18.22 13.00 2.00 3.20 2023/24 (Proj.) May 15.50 19.01 13.50 2.20 3.30 Jun 16.50 19.71 14.00 2.20 3.50 Foreign 4/ 2021/22 98.26 181.32 28.38 113.35 82.41 2022/23 (Est.) 101.85 184.25 24.78 107.09 89.69 2023/24 (Proj.) May 100.19 189.32 29.35 114.03 88.98 Jun 100.22 189.90 29.75 114.80 89.29 ================================================================================ WASDE - 637 - 10 June 2023 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) ================================================================================ Total Total Ending Commodity Output Supply Trade Use 2/ Stocks ================================================================================ World Oilseeds 2021/22 610.48 726.28 178.97 510.50 117.59 2022/23 (Est.) 627.40 744.99 200.29 521.33 118.40 2023/24 (Proj.) May 671.23 789.16 200.75 542.53 139.03 Jun 671.38 789.78 200.30 541.88 140.20 Oilmeals 2021/22 349.51 368.31 96.17 346.60 19.32 2022/23 (Est.) 355.03 374.35 95.08 354.96 16.02 2023/24 (Proj.) May 371.25 387.58 99.37 365.58 18.41 Jun 370.77 386.78 98.67 364.92 18.32 Vegetable Oils 2021/22 207.78 236.47 79.40 202.47 29.12 2022/23 (Est.) 216.67 245.78 87.11 210.91 30.21 2023/24 (Proj.) May 223.29 253.34 88.68 217.99 30.59 Jun 222.78 252.98 88.37 217.87 30.34 United States Oilseeds 2021/22 131.35 141.16 59.71 63.87 9.14 2022/23 (Est.) 125.93 136.52 55.29 64.73 7.97 2023/24 (Proj.) May 132.85 141.67 54.82 67.21 10.89 Jun 133.20 142.42 54.82 67.21 11.33 Oilmeals 2021/22 49.27 53.22 12.44 40.43 0.35 2022/23 (Est.) 50.16 54.69 12.93 41.36 0.40 2023/24 (Proj.) May 51.81 56.39 13.67 42.26 0.45 Jun 51.81 56.39 13.67 42.26 0.45 Vegetable Oils 2021/22 13.06 19.61 1.05 17.29 1.27 2022/23 (Est.) 13.29 20.56 0.38 18.89 1.29 2023/24 (Proj.) May 13.71 21.28 0.45 19.58 1.26 Jun 13.71 21.28 0.45 19.58 1.26 Foreign 3/ Oilseeds 2021/22 479.13 585.12 119.27 446.63 108.45 2022/23 (Est.) 501.47 608.47 145.00 456.59 110.43 2023/24 (Proj.) May 538.38 647.49 145.92 475.32 128.14 Jun 538.17 647.36 145.47 474.67 128.87 Oilmeals 2021/22 300.24 315.09 83.73 306.16 18.97 2022/23 (Est.) 304.87 319.65 82.15 313.60 15.61 2023/24 (Proj.) May 319.44 331.19 85.69 323.32 17.96 Jun 318.96 330.40 85.00 322.66 17.87 Vegetable Oils 2021/22 194.72 216.86 78.35 185.18 27.84 2022/23 (Est.) 203.38 225.22 86.73 192.02 28.91 2023/24 (Proj.) May 209.58 232.05 88.23 198.42 29.34 Jun 209.07 231.70 87.92 198.29 29.09 ================================================================================ WASDE - 637 - 11 June 2023 U.S. Wheat Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item May Jun ================================================================================ Million Acres Area Planted 46.7 45.7 49.9* 49.9* Area Harvested 37.1 35.5 37.1* 37.1* Bushels Yield per Harvested Acre 44.3 46.5 44.7* 44.9* Million Bushels Beginning Stocks 845 698 598 598 Production 1646 1650 1659 1665 Imports 95 125 135 135 Supply, Total 2587 2473 2393 2399 Food 972 975 977 977 Seed 58 70 65 65 Feed and Residual 59 55 70 70 Domestic, Total 1088 1100 1112 1112 Exports 800 775 725 725 Use, Total 1888 1875 1837 1837 Ending Stocks 698 598 556 562 Avg.FarmPrice ($/bu) 2/ 7.63 8.85 8.00 7.70 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2022/23 (Est.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 337 272 64 1650 Imports 5 55 5 6 54 125 Supply, Total 3/ 912 647 441 332 142 2473 Food 373 269 163 85 85 975 Seed 29 17 15 6 3 70 Feed and Residual 20 -10 65 -25 5 55 Domestic Use 422 276 243 66 93 1100 Exports 225 220 110 195 25 775 Use, Total 647 496 353 261 118 1875 Ending Stocks, Total Jun 264 151 88 71 24 598 May 269 151 88 66 24 598 ================================================================================ WASDE - 637 - 12 June 2023 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item May Jun ================================================================================ Million Acres FEED GRAINS Area Planted 105.8 100.4 103.6* 103.6* Area Harvested 94.4 87.1 92.6* 92.6* Metric Tons Yield per Harvested Acre 4.21 4.11 4.34 4.34 Million Metric Tons Beginning Stocks 34.0 37.6 38.5 39.4 Production 397.5 358.2 401.7 401.7 Imports 2.3 2.6 2.3 2.3 Supply, Total 433.8 398.3 442.6 443.5 Feed and Residual 148.7 137.6 147.3 147.3 Food, Seed & Industrial 177.1 175.1 176.5 176.5 Domestic, Total 325.8 312.7 323.7 323.7 Exports 70.5 46.2 59.4 59.4 Use, Total 396.2 358.9 383.1 383.1 Ending Stocks 37.6 39.4 59.5 60.4 Million Acres CORN Area Planted 93.3 88.6 92.0* 92.0* Area Harvested 85.3 79.2 84.1* 84.1* Bushels Yield per Harvested Acre 176.7 173.3 181.5* 181.5* Million Bushels Beginning Stocks 1235 1377 1417 1452 Production 15074 13730 15265 15265 Imports 24 25 25 25 Supply, Total 16333 15132 16707 16742 Feed and Residual 5721 5275 5650 5650 Food,Seed& Industrial 2/ 6764 6680 6735 6735 Ethanol & by-products 3/ 5326 5250 5300 5300 Domestic, Total 12484 11955 12385 12385 Exports 2471 1725 2100 2100 Use, Total 14956 13680 14485 14485 Ending Stocks 1377 1452 2222 2257 Avg.FarmPrice ($/bu) 4/ 6.00 6.60 4.80 4.80 ================================================================================ WASDE - 637 - 13 June 2023 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item May Jun ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 7.3 6.3 6.0* 6.0* AreaHarvested(mil.acres) 6.5 4.6 5.2* 5.2* Yield (bushels/acre) 69.0 41.1 69.2* 69.2* Beginning Stocks 20 47 25 25 Production 448 188 360 360 Imports 0 0 0 0 Supply, Total 468 235 385 385 Feed and Residual 81 65 70 70 Food, Seed & Industrial 45 55 50 50 Total Domestic 127 120 120 120 Exports 294 90 235 235 Use, Total 421 210 355 355 Ending Stocks 47 25 30 30 Avg.FarmPrice ($/bu) 2/ 5.94 6.90 4.80 4.80 BARLEY AreaPlanted (mil. acres) 2.7 2.9 2.9* 2.9* AreaHarvested(mil.acres) 2.0 2.4 2.4* 2.4* Yield (bushels/acre) 60.3 71.7 76.3* 76.3* Beginning Stocks 71 42 66 67 Production 120 174 183 183 Imports 15 23 14 14 Supply, Total 206 239 263 264 Feed and Residual 20 40 40 40 Food, Seed & Industrial 137 130 135 135 Total Domestic 157 170 175 175 Exports 7 2 3 3 Use, Total 164 172 178 178 Ending Stocks 42 67 85 86 Avg.FarmPrice ($/bu) 2/ 5.31 7.35 6.10 6.10 OATS AreaPlanted (mil. acres) 2.6 2.6 2.7* 2.7* AreaHarvested(mil.acres) 0.7 0.9 0.9* 0.9* Yield (bushels/acre) 61.3 64.8 66.7* 66.7* Beginning Stocks 38 33 32 32 Production 40 58 60 60 Imports 81 85 80 80 Supply, Total 159 175 172 172 Feed and Residual 44 60 60 60 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 141 141 141 Exports 3 2 2 2 Use, Total 126 143 143 143 Ending Stocks 33 32 29 29 Avg.FarmPrice ($/bu) 2/ 4.55 4.65 3.30 3.30 ================================================================================ WASDE - 637 - 14 June 2023 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item May Jun ================================================================================ Million Acres TOTAL RICE Area Planted 2.53 2.22 2.58* 2.58* Area Harvested 2.49 2.17 2.54* 2.54* Pounds Yield per Harvested Acre 7709 7383 7587* 7587* Million Hundredweight Beginning Stocks 2/ 43.7 39.7 27.6 26.6 Production 191.6 160.4 192.7 192.7 Imports 37.8 39.5 39.0 39.0 Supply, Total 273.0 239.6 259.3 258.3 Domestic & Residual 3/ 151.1 151.0 154.0 154.0 Exports, Total 4/ 82.2 62.0 74.0 74.0 Rough 28.3 18.0 21.0 21.0 Milled (rough equiv.) 53.9 44.0 53.0 53.0 Use, Total 233.3 213.0 228.0 228.0 Ending Stocks 39.7 26.6 31.3 30.3 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 16.10 19.40 17.60 17.60 LONG GRAIN RICE Harvested Acres (mil.) 1.94 1.77 Yield (pounds/acre) 7471 7224 Beginning Stocks 29.7 24.6 16.8 15.8 Imports 30.7 31.0 31.0 31.0 Production 144.6 128.2 142.0 142.0 Supply, Total 7/ 205.0 183.8 189.8 188.8 Domestic & Residual 3/ 119.7 119.0 121.0 121.0 Exports 8/ 60.6 49.0 52.0 52.0 Use, Total 180.3 168.0 173.0 173.0 Ending Stocks 24.6 15.8 16.8 15.8 Avg.FarmPrice($/cwt) 6/ 13.60 16.90 15.00 15.00 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.55 0.40 Yield (pounds/acre) 8549 8094 Beginning Stocks 11.5 13.0 8.8 8.8 Imports 7.1 8.5 8.0 8.0 Production 47.0 32.2 50.7 50.7 Supply, Total 7/ 66.0 53.8 67.5 67.5 Domestic & Residual 3/ 31.4 32.0 33.0 33.0 Exports 8/ 21.5 13.0 22.0 22.0 Use, Total 53.0 45.0 55.0 55.0 Ending Stocks 13.0 8.8 12.5 12.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 29.30 25.70 25.70 California 10/ 31.90 36.00 30.00 30.00 Other States 1/ 13.90 17.90 16.50 16.50 ================================================================================ WASDE - 637 - 15 June 2023 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item May Jun ================================================================================ Million Acres SOYBEANS Area Planted 87.2 87.5 87.5* 87.5* Area Harvested 86.3 86.3 86.7* 86.7* Bushels Yield per Harvested Acre 51.7 49.5 52.0* 52.0* Million Bushels Beginning Stocks 257 274 215 230 Production 4465 4276 4510 4510 Imports 16 20 20 20 Supply, Total 4738 4571 4745 4760 Crushings 2204 2220 2310 2310 Exports 2158 2000 1975 1975 Seed 102 102 101 101 Residual 1 19 25 25 Use, Total 4464 4340 4411 4411 Ending Stocks 274 230 335 350 Avg.FarmPrice ($/bu) 2/ 13.30 14.20 12.10 12.10 Million Pounds SOYBEAN OIL Beginning Stocks 2131 1991 1936 1936 Production 4/ 26155 26195 27145 27145 Imports 303 325 350 350 Supply, Total 28590 28511 29431 29431 Domestic Disappearance 24825 26125 27000 27000 Biofuel 3/ 10348 11600 12500 12500 Food, Feed & other Industrial 14477 14525 14500 14500 Exports 1773 450 600 600 Use, Total 26599 26575 27600 27600 Ending stocks 1991 1936 1831 1831 Avg. Price (c/lb) 2/ 72.98 64.00 58.00 58.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 341 311 350 350 Production 4/ 51814 52564 54375 54375 Imports 649 675 650 650 Supply, Total 52804 53550 55375 55375 Domestic Disappearance 38970 39200 40175 40175 Exports 13524 14000 14800 14800 Use, Total 52493 53200 54975 54975 Ending Stocks 311 350 400 400 Avg. Price ($/s.t.) 2/ 439.81 445.00 365.00 365.00 ================================================================================ WASDE - 637 - 16 June 2023 U.S. Sugar Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item May Jun ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1705 1820 1734 1683 Production 2/ 9157 9298 9225 9127 Beet Sugar 5155 5171 4961 4950 Cane Sugar 4002 4127 4264 4177 Florida 1934 2015 2065 2034 Louisiana 1944 2034 2092 2092 Texas 124 78 107 51 Imports 3646 3380 3300 3358 TRQ 3/ 1579 1730 1413 1413 Other Program 4/ 298 250 250 250 Non-program 1769 1400 1637 1696 Mexico 1379 1150 1517 1576 High-tier tariff/other 390 250 120 120 Total Supply 14508 14498 14259 14168 Exports 29 35 35 35 Deliveries 12578 12780 12780 12780 Food 12470 12675 12675 12675 Other 5/ 107 105 105 105 Miscellaneous 81 0 0 0 Total Use 12688 12815 12815 12815 Ending Stocks 1820 1683 1444 1353 Stocks to Use Ratio 14.3 13.1 11.3 10.6 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Actual Weight Sugar 2022/23 Est. May 964 5385 45 4435 1070 889 Jun 964 5230 45 4357 1002 880 2023/24 Proj. May 889 5900 45 4639 1298 897 Jun 880 5900 45 4589 1348 887 ================================================================================ WASDE - 637 - 17 June 2023 U.S. Cotton Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item May Jun ================================================================================ Million Acres Planted 11.22 13.76 11.26* 11.26* Harvested 10.27 7.31 8.71* 9.41* Pounds Yield per Harvested Acre 819 950 854* 841* Million 480 Pound Bales Beginning Stocks 3.15 3.75 3.50 3.20 Production 17.52 14.47 15.50 16.50 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.68 18.22 19.01 19.71 Domestic Use 2.55 2.00 2.20 2.20 Exports, Total 14.62 13.00 13.50 14.00 Use, Total 17.17 15.00 15.70 16.20 Unaccounted 2/ -0.24 0.02 0.01 0.01 Ending Stocks 3.75 3.20 3.30 3.50 Avg. Farm Price 3/ 91.4 82.0 78.0 77.0 ================================================================================ WASDE - 637 - 18 June 2023 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2021/22 World 3/ 283.21 780.25 199.37 160.98 792.52 202.98 270.93 World Less China 144.09 643.30 189.80 125.98 644.52 202.11 134.17 United States 23.00 44.80 2.59 1.60 29.61 21.78 19.01 Total Foreign 260.21 735.44 196.78 159.38 762.92 181.20 251.93 Major Exporters 4/ 34.88 327.22 5.79 78.40 185.70 142.47 39.72 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.24 4.63 45.00 108.25 32.00 13.32 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 4.50 10.50 18.84 5.27 Major Importers 6/ 176.66 203.16 130.33 54.68 323.57 15.31 171.28 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.55 20.43 26.61 1.87 47.02 0.41 11.17 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.13 16.47 22.76 3.88 38.77 0.75 9.84 Southeast Asia 9/ 4.45 0.00 27.03 8.50 25.63 1.23 4.62 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. World 3/ 270.93 788.50 208.89 156.07 792.77 215.56 266.66 World Less China 134.17 650.77 194.89 123.07 644.77 214.66 127.08 United States 19.01 44.90 3.40 1.50 29.94 21.09 16.28 Total Foreign 251.93 743.60 205.49 154.58 762.83 194.46 250.38 Major Exporters 4/ 39.72 332.62 12.67 76.05 183.35 157.00 44.65 Argentina 1.93 12.55 0.01 0.05 6.55 5.00 2.93 Australia 3.45 39.00 0.20 5.00 8.50 31.00 3.15 Canada 3.66 33.82 0.60 4.50 9.55 26.00 2.54 European Union 5/ 13.32 134.34 11.50 44.00 108.00 34.50 16.66 Russia 12.09 92.00 0.30 19.00 42.25 44.50 17.64 Ukraine 5.27 20.90 0.06 3.50 8.50 16.00 1.73 Major Importers 6/ 171.28 205.75 132.98 51.00 321.11 15.07 173.83 Bangladesh 1.31 1.10 5.00 0.20 6.70 0.00 0.71 Brazil 1.18 10.60 5.10 0.55 11.95 2.80 2.13 China 136.76 137.72 14.00 33.00 148.00 0.90 139.58 Japan 1.18 1.04 5.70 0.75 6.35 0.30 1.27 N. Africa 7/ 11.17 17.13 29.20 1.47 46.67 0.70 10.13 Nigeria 0.62 0.11 5.00 0.00 5.00 0.40 0.33 Sel. Mideast 8/ 9.84 17.19 23.78 3.68 39.46 0.57 10.77 Southeast Asia 9/ 4.62 0.00 24.60 7.55 24.25 1.15 3.83 Selected Other India 19.50 104.00 0.04 6.50 108.72 5.32 9.50 Kazakhstan 1.49 16.40 2.00 2.20 7.10 10.00 2.80 United Kingdom 1.85 15.54 1.90 7.00 15.00 1.80 2.49 ================================================================================ WASDE - 637 - 19 June 2023 World Wheat Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 Proj. World 3/ May 266.28 789.76 207.54 150.86 791.70 209.72 264.34 Jun 266.66 800.19 209.54 154.79 796.14 212.62 270.71 World Less China May 127.20 649.76 197.04 118.86 642.70 208.82 124.66 Jun 127.08 660.19 197.54 120.79 645.14 211.72 131.03 United States May 16.28 45.16 3.67 1.91 30.26 19.73 15.12 Jun 16.28 45.32 3.67 1.91 30.26 19.73 15.28 Total Foreign May 250.00 744.61 203.87 148.96 761.44 189.99 249.22 Jun 250.38 754.87 205.87 152.88 765.87 192.89 255.43 Major Exporters 4/ May 44.26 322.50 8.17 74.60 181.70 155.50 37.73 Jun 44.65 328.50 8.17 75.60 182.80 157.50 41.01 Argentina May 2.53 19.50 0.01 0.10 6.50 13.50 2.04 Jun 2.93 19.50 0.01 0.10 6.60 13.50 2.34 Australia May 3.15 29.00 0.20 4.50 8.00 21.00 3.35 Jun 3.15 29.00 0.20 4.50 8.00 21.00 3.35 Canada May 2.54 37.00 0.60 4.50 9.60 27.50 3.04 Jun 2.54 37.00 0.60 4.50 9.60 27.50 3.04 European Union 5/ May 16.16 139.00 7.00 45.00 109.50 38.00 14.66 Jun 16.66 140.50 7.00 45.00 109.50 38.50 16.16 Russia May 17.64 81.50 0.30 18.00 41.00 45.50 12.94 Jun 17.64 85.00 0.30 19.00 42.00 46.50 14.44 Ukraine May 2.24 16.50 0.06 2.50 7.10 10.00 1.70 Jun 1.73 17.50 0.06 2.50 7.10 10.50 1.69 Major Importers 6/ May 172.68 210.60 133.42 49.25 323.89 16.45 176.36 Jun 173.83 211.10 135.12 51.55 326.29 16.45 177.31 Bangladesh May 0.71 1.10 5.80 0.25 6.75 0.00 0.86 Jun 0.71 1.10 5.80 0.25 6.75 0.00 0.86 Brazil May 1.78 10.00 5.60 0.55 12.05 3.50 1.83 Jun 2.13 10.00 5.60 0.55 12.05 3.50 2.18 China May 139.08 140.00 10.50 32.00 149.00 0.90 139.68 Jun 139.58 140.00 12.00 34.00 151.00 0.90 139.68 Japan May 1.27 1.17 5.60 0.75 6.35 0.30 1.39 Jun 1.27 1.17 5.60 0.75 6.35 0.30 1.39 N. Africa 7/ May 10.43 16.17 31.70 1.45 47.20 0.60 10.50 Jun 10.13 16.17 31.90 1.45 47.30 0.60 10.30 Nigeria May 0.33 0.12 6.00 0.00 5.60 0.60 0.25 Jun 0.33 0.12 6.00 0.00 5.60 0.60 0.25 Sel. Mideast 8/ May 10.47 19.68 22.52 3.60 40.16 0.58 11.93 Jun 10.77 19.68 22.52 3.60 40.16 0.58 12.23 Southeast Asia 9/ May 3.93 0.00 26.00 7.45 24.53 1.13 4.28 Jun 3.83 0.00 26.00 7.45 24.33 1.13 4.38 India May 9.50 110.00 0.10 5.00 107.60 0.50 11.50 Jun 9.50 113.50 0.10 5.50 108.10 1.00 14.00 Kazakhstan May 2.80 14.00 2.00 1.50 6.40 9.50 2.90 Jun 2.80 14.00 2.00 1.50 6.40 9.50 2.90 United Kingdom May 2.49 15.50 1.70 7.30 15.40 1.70 2.59 Jun 2.49 15.70 1.70 7.30 15.40 1.90 2.59 ================================================================================ WASDE - 637 - 20 June 2023 World Coarse Grain Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2021/22 World 3/ 323.14 1504.97 230.14 910.60 1491.06 253.60 337.06 World Less China 115.69 1224.12 188.64 682.77 1171.04 253.59 127.28 United States 34.01 397.71 2.59 148.73 326.28 70.46 37.58 Total Foreign 289.13 1107.26 227.55 761.87 1164.79 183.15 299.47 Major Exporters 4/ 19.41 332.81 9.77 139.82 186.34 149.05 26.60 Argentina 2.06 59.16 0.01 12.82 18.59 40.11 2.52 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.45 13.58 32.93 8.67 Major Importers 5/ 36.19 248.16 138.74 285.99 370.31 15.31 37.47 European Union 6/ 14.50 154.77 21.30 118.15 158.93 13.74 17.89 Japan 1.66 0.24 16.51 13.09 16.82 0.00 1.59 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.03 29.04 40.51 60.80 69.39 0.69 6.49 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.29 30.90 17.33 41.11 49.48 0.63 3.40 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. World 3/ 337.06 1443.08 212.87 893.55 1455.22 216.01 324.92 World Less China 127.28 1157.58 181.95 664.45 1134.92 215.96 119.07 United States 37.58 358.47 2.91 137.77 313.31 46.18 39.47 Total Foreign 299.47 1084.62 209.96 755.78 1141.91 169.83 285.45 Major Exporters 4/ 26.60 325.14 3.46 139.36 187.55 142.30 25.35 Argentina 2.52 43.71 0.01 10.60 16.51 27.20 2.52 Australia 3.61 18.67 0.00 5.97 7.85 10.83 3.61 Brazil 4.50 136.60 1.51 65.55 79.09 55.03 8.49 Canada 3.71 30.54 1.75 16.77 24.74 6.78 4.48 Russia 1.85 44.13 0.10 25.08 34.55 9.22 2.32 Ukraine 8.67 34.06 0.00 7.99 10.95 29.55 2.24 Major Importers 5/ 37.47 229.02 138.44 280.50 362.87 11.27 30.78 European Union 6/ 17.89 133.84 26.88 116.77 156.17 9.38 13.08 Japan 1.59 0.25 16.47 12.85 16.75 0.00 1.55 Mexico 3.93 32.35 17.97 31.35 50.77 0.20 3.28 N. Afr & Mideast 7/ 6.49 31.39 35.15 58.00 66.05 0.83 6.16 Saudi Arabia 1.41 0.14 8.61 8.61 8.95 0.00 1.21 Southeast Asia 8/ 3.40 30.81 17.56 39.35 47.85 0.87 3.05 South Korea 2.07 0.16 11.44 9.25 11.76 0.00 1.91 Selected Other China 209.77 285.50 30.93 229.10 320.30 0.05 205.85 ================================================================================ WASDE - 637 - 21 June 2023 World Coarse Grain Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 Proj. World 3/ May 324.73 1509.53 223.05 921.26 1495.48 234.91 338.78 Jun 324.92 1513.29 226.05 924.13 1498.16 237.91 340.05 World Less China May 118.88 1221.23 184.65 684.66 1167.68 234.89 134.06 Jun 119.07 1224.99 187.65 687.53 1170.36 237.89 135.33 United States May 38.56 402.01 2.57 147.31 324.23 59.41 59.50 Jun 39.47 402.01 2.57 147.31 324.23 59.41 60.41 Total Foreign May 286.18 1107.51 220.48 773.94 1171.24 175.50 279.28 Jun 285.45 1111.28 223.48 776.81 1173.93 178.50 279.64 Major Exporters 4/ May 25.56 327.19 3.69 139.75 189.15 145.15 22.14 Jun 25.35 330.29 3.69 139.85 189.40 147.95 21.98 Argentina May 2.29 62.58 0.01 11.51 17.57 44.90 2.40 Jun 2.52 62.58 0.01 11.51 17.62 44.90 2.58 Australia May 3.60 13.74 0.00 5.76 7.64 7.61 2.09 Jun 3.61 13.74 0.00 5.76 7.64 7.61 2.10 Brazil May 8.49 134.33 1.70 67.30 82.34 55.02 7.17 Jun 8.49 134.33 1.70 67.30 82.34 55.02 7.17 Canada May 4.58 28.35 1.85 16.41 24.45 6.48 3.84 Jun 4.48 28.35 1.85 16.41 24.45 6.48 3.74 Russia May 2.42 42.15 0.10 24.00 33.40 8.91 2.37 Jun 2.32 42.25 0.10 24.00 33.40 9.01 2.27 Ukraine May 2.24 28.67 0.00 7.35 9.83 18.83 2.25 Jun 2.24 31.67 0.00 7.45 10.03 21.53 2.35 Major Importers 5/ May 31.89 245.06 140.63 289.46 372.72 13.88 30.99 Jun 30.78 245.51 143.63 292.16 375.43 14.08 30.42 European Union 6/ May 13.89 146.40 21.48 116.11 155.83 12.20 13.74 Jun 13.08 146.65 23.98 118.11 157.83 12.40 13.47 Japan May 1.55 0.25 17.01 13.34 17.24 0.00 1.57 Jun 1.55 0.25 17.01 13.34 17.24 0.00 1.57 Mexico May 3.58 33.24 18.78 32.55 52.37 0.30 2.93 Jun 3.28 33.24 18.78 32.55 52.37 0.30 2.63 N. Afr & Mideast 7/ May 6.15 33.57 38.37 63.22 71.42 0.77 5.91 Jun 6.16 33.67 38.57 63.53 71.73 0.77 5.90 Saudi Arabia May 1.21 0.15 9.11 8.92 9.26 0.00 1.21 Jun 1.21 0.15 9.41 9.22 9.56 0.00 1.21 Southeast Asia 8/ May 3.05 31.21 19.31 41.25 49.80 0.61 3.14 Jun 3.05 31.31 19.31 41.35 49.90 0.61 3.14 South Korea May 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Jun 1.91 0.16 11.91 9.54 12.03 0.00 1.95 China May 205.85 288.30 38.40 236.60 327.80 0.03 204.72 Jun 205.85 288.30 38.40 236.60 327.80 0.03 204.72 ================================================================================ WASDE - 637 - 22 June 2023 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2021/22 World 3/ 293.07 1218.70 184.49 745.97 1201.89 206.53 309.88 World Less China 87.36 946.15 162.61 536.97 910.89 206.53 100.74 United States 31.36 382.89 0.62 145.31 317.12 62.78 34.98 Total Foreign 261.71 835.81 183.87 600.66 884.78 143.76 274.90 Major Exporters 4/ 9.04 238.99 2.67 94.40 117.70 117.60 15.39 Argentina 1.18 49.50 0.01 10.50 14.50 34.69 1.50 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 7.20 13.20 3.65 1.41 Ukraine 0.83 42.13 0.02 7.20 8.40 26.98 7.59 Major Importers 5/ 21.73 136.59 94.28 165.82 222.25 6.91 23.45 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.37 19.74 60.00 81.70 6.03 11.21 Japan 1.42 0.01 15.00 11.70 15.04 0.00 1.39 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.28 30.85 16.15 40.10 48.25 0.63 3.39 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. World 3/ 309.88 1150.73 175.03 730.86 1163.06 176.57 297.55 World Less China 100.74 873.53 157.03 512.86 864.06 176.55 92.24 United States 34.98 348.75 0.64 133.99 303.67 43.82 36.87 Total Foreign 274.90 801.98 174.40 596.87 859.39 132.76 260.68 Major Exporters 4/ 15.39 226.83 1.06 92.40 117.20 112.90 13.19 Argentina 1.50 35.00 0.01 8.00 12.00 23.00 1.51 Brazil 3.97 132.00 1.00 61.50 74.00 55.00 7.97 Russia 0.93 15.83 0.05 10.60 11.70 4.20 0.91 South Africa 1.41 17.00 0.00 7.30 13.30 3.70 1.41 Ukraine 7.59 27.00 0.00 5.00 6.20 27.00 1.39 Major Importers 5/ 23.45 117.85 95.70 159.40 214.80 4.07 18.12 Egypt 1.56 7.44 7.00 12.00 14.50 0.00 1.50 European Union 6/ 11.21 52.97 24.50 58.00 78.60 3.00 7.08 Japan 1.39 0.01 15.00 11.50 15.00 0.00 1.40 Mexico 3.16 26.50 17.20 26.00 44.00 0.20 2.66 Southeast Asia 7/ 3.39 30.76 16.40 38.40 46.65 0.87 3.04 South Korea 2.06 0.09 11.30 9.20 11.55 0.00 1.90 Selected Other Canada 2.75 14.54 1.70 9.30 14.60 1.90 2.49 China 209.14 277.20 18.00 218.00 299.00 0.02 205.32 ================================================================================ WASDE - 637 - 23 June 2023 World Corn Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 Proj. World 3/ May 297.41 1219.63 184.50 758.63 1204.14 195.26 312.90 Jun 297.55 1222.77 187.00 760.79 1206.35 197.76 313.98 World Less China May 92.09 939.63 161.50 535.63 900.14 195.24 108.60 Jun 92.24 942.77 164.00 537.79 902.35 197.74 109.68 United States May 35.98 387.75 0.64 143.52 314.59 53.34 56.43 Jun 36.87 387.75 0.64 143.52 314.59 53.34 57.32 Total Foreign May 261.43 831.88 183.87 615.12 889.54 141.92 256.47 Jun 260.68 835.02 186.37 617.27 891.75 144.42 256.65 Major Exporters 4/ May 13.53 238.10 1.26 94.40 120.70 119.60 12.59 Jun 13.19 240.60 1.26 94.40 120.70 122.10 12.24 Argentina May 1.50 54.00 0.01 9.30 13.50 40.50 1.51 Jun 1.51 54.00 0.01 9.30 13.50 40.50 1.51 Brazil May 7.97 129.00 1.20 62.50 76.50 55.00 6.67 Jun 7.97 129.00 1.20 62.50 76.50 55.00 6.67 Russia May 1.01 16.30 0.05 10.80 11.90 4.20 1.26 Jun 0.91 16.30 0.05 10.80 11.90 4.20 1.16 South Africa May 1.66 16.80 0.00 7.30 13.30 3.40 1.76 Jun 1.41 16.80 0.00 7.30 13.30 3.40 1.51 Ukraine May 1.39 22.00 0.00 4.50 5.50 16.50 1.39 Jun 1.39 24.50 0.00 4.50 5.50 19.00 1.39 Major Importers 5/ May 18.82 130.65 96.85 166.10 222.35 5.91 18.06 Jun 18.12 130.75 99.35 168.20 224.45 5.91 17.86 Egypt May 1.50 7.60 8.50 13.70 16.20 0.00 1.40 Jun 1.50 7.60 8.50 13.70 16.20 0.00 1.40 European Union 6/ May 7.48 64.30 20.00 58.50 79.50 5.00 7.28 Jun 7.08 64.30 22.50 60.50 81.50 5.00 7.38 Japan May 1.40 0.01 15.50 12.00 15.50 0.00 1.42 Jun 1.40 0.01 15.50 12.00 15.50 0.00 1.42 Mexico May 2.96 27.40 18.00 27.30 45.70 0.30 2.36 Jun 2.66 27.40 18.00 27.30 45.70 0.30 2.06 Southeast Asia 7/ May 3.04 31.16 18.45 40.60 48.90 0.61 3.14 Jun 3.04 31.26 18.45 40.70 49.00 0.61 3.14 South Korea May 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Jun 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Canada May 2.59 14.30 1.80 9.20 14.60 1.80 2.29 Jun 2.49 14.30 1.80 9.20 14.60 1.80 2.19 China May 205.32 280.00 23.00 223.00 304.00 0.02 204.30 Jun 205.32 280.00 23.00 223.00 304.00 0.02 204.30 ================================================================================ WASDE - 637 - 24 June 2023 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2021/22 World 3/ 187.19 513.95 54.49 518.77 56.87 182.37 World Less China 70.69 364.96 48.54 362.41 54.79 69.37 United States 1.39 6.08 1.20 4.80 2.61 1.26 Total Foreign 185.80 507.87 53.29 513.97 54.26 181.11 Major Exporters 4/ 46.82 197.84 1.63 158.90 43.91 43.49 Burma 1.31 12.40 0.00 10.40 2.34 0.98 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.75 4.82 2.65 Thailand 3.98 19.88 0.13 12.80 7.68 3.50 Vietnam 2.64 26.77 1.50 21.50 7.05 2.35 Major Importers 5/ 126.78 242.00 22.43 263.11 2.54 125.55 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.41 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.91 2.15 4.32 6.15 0.00 1.22 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.26 0.04 0.58 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. World 3/ 182.37 512.53 54.18 521.40 55.43 173.49 World Less China 69.37 366.58 49.38 366.45 53.43 66.69 United States 1.26 5.09 1.25 4.79 1.97 0.84 Total Foreign 181.11 507.43 52.92 516.61 53.46 172.65 Major Exporters 4/ 43.49 200.50 1.26 160.60 43.90 40.75 Burma 0.98 11.80 0.00 10.20 2.00 0.58 India 34.00 136.00 0.00 112.50 22.50 35.00 Pakistan 2.65 5.50 0.01 3.60 3.70 0.86 Thailand 3.50 20.20 0.15 12.80 8.50 2.55 Vietnam 2.35 27.00 1.10 21.50 7.20 1.75 Major Importers 5/ 125.55 238.72 22.60 264.00 2.44 120.44 China 113.00 145.95 4.80 154.95 2.00 106.80 European Union 6/ 0.91 1.34 2.65 3.60 0.40 0.90 Indonesia 2.90 34.00 1.75 35.30 0.00 3.35 Nigeria 2.05 5.36 2.10 7.50 0.00 2.00 Philippines 3.10 12.60 3.90 16.10 0.00 3.50 Sel. Mideast 7/ 1.22 2.02 4.50 6.35 0.00 1.39 Selected Other Brazil 0.90 6.80 0.90 6.90 1.10 0.60 C. Amer & Carib 8/ 0.58 1.53 1.73 3.26 0.04 0.54 Egypt 0.61 3.60 0.45 4.00 0.01 0.66 Japan 1.95 7.48 0.69 8.20 0.12 1.80 Mexico 0.14 0.14 0.80 0.98 0.01 0.09 South Korea 1.33 3.76 0.42 4.00 0.06 1.46 ================================================================================ WASDE - 637 - 25 June 2023 World Rice Supply and Use (Milled Basis) 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2023/24 Proj. World 3/ May 169.18 520.52 53.13 523.02 55.81 166.68 Jun 173.49 520.49 53.50 523.77 55.81 170.21 World Less China May 62.28 371.52 48.13 371.02 53.81 59.78 Jun 66.69 371.49 48.50 371.77 53.81 63.41 United States May 0.88 6.12 1.24 4.89 2.35 0.99 Jun 0.84 6.12 1.24 4.89 2.35 0.96 Total Foreign May 168.30 514.41 51.89 518.13 53.46 165.69 Jun 172.65 514.37 52.26 518.88 53.46 169.25 Major Exporters 4/ May 36.75 202.00 1.46 161.45 43.90 34.85 Jun 40.75 202.20 1.46 162.35 43.90 38.15 Burma May 0.58 12.50 0.00 10.30 2.20 0.59 Jun 0.58 12.50 0.00 10.30 2.20 0.59 India May 31.00 133.00 0.00 113.00 22.50 28.50 Jun 35.00 134.00 0.00 114.00 23.00 32.00 Pakistan May 0.76 9.00 0.01 3.75 4.50 1.51 Jun 0.86 9.00 0.01 3.75 4.50 1.61 Thailand May 2.55 20.50 0.15 12.80 8.00 2.40 Jun 2.55 19.70 0.15 12.70 7.50 2.20 Vietnam May 1.85 27.00 1.30 21.60 6.70 1.85 Jun 1.75 27.00 1.30 21.60 6.70 1.75 Major Importers 5/ May 120.34 242.99 21.20 262.40 2.46 119.67 Jun 120.44 242.99 21.40 262.55 2.46 119.82 China May 106.90 149.00 5.00 152.00 2.00 106.90 Jun 106.80 149.00 5.00 152.00 2.00 106.80 European Union 6/ May 0.90 1.46 2.65 3.75 0.40 0.86 Jun 0.90 1.46 2.65 3.75 0.40 0.86 Indonesia May 3.35 34.45 0.70 35.20 0.00 3.30 Jun 3.35 34.45 0.70 35.20 0.00 3.30 Nigeria May 2.00 5.23 2.20 7.60 0.00 1.83 Jun 2.00 5.23 2.20 7.60 0.00 1.83 Philippines May 3.40 12.60 3.60 16.30 0.00 3.30 Jun 3.50 12.60 3.80 16.50 0.00 3.40 Sel. Mideast 7/ May 1.29 2.12 4.50 6.70 0.00 1.21 Jun 1.39 2.12 4.50 6.65 0.00 1.36 Brazil May 0.60 6.80 0.95 6.80 0.90 0.65 Jun 0.60 6.80 0.95 6.80 0.90 0.65 C. Amer & Carib 8/ May 0.54 1.53 1.74 3.24 0.03 0.54 Jun 0.54 1.53 1.74 3.24 0.03 0.54 Egypt May 0.66 3.78 0.40 4.10 0.01 0.73 Jun 0.66 3.78 0.40 4.10 0.01 0.73 Japan May 1.80 7.45 0.69 8.20 0.12 1.61 Jun 1.80 7.45 0.69 8.20 0.12 1.61 Mexico May 0.09 0.17 0.85 1.00 0.01 0.10 Jun 0.09 0.17 0.85 1.00 0.01 0.10 South Korea May 1.46 3.57 0.42 4.00 0.06 1.40 Jun 1.46 3.57 0.42 4.00 0.06 1.40 ================================================================================ WASDE - 637 - 26 June 2023 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2021/22 World 86.22 115.78 42.62 115.90 43.00 -0.44 86.16 World Less China 48.42 88.98 34.78 82.15 42.88 -0.44 47.60 United States 3.15 17.52 0.01 2.55 14.62 -0.24 3.75 Total Foreign 83.07 98.26 42.62 113.35 28.38 -0.20 82.41 Major Exporters 4/ 32.81 55.57 1.60 34.19 24.12 -0.20 31.87 Central Asia 5/ 3.02 5.12 0.06 4.27 1.51 0.00 2.42 Afr. Fr. Zone 6/ 1.74 5.98 3/ 0.10 6.09 -0.01 1.54 S. Hemis. 7/ 15.73 19.66 0.19 4.36 12.42 -0.19 18.99 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 11.12 11.72 0.02 3.30 7.73 0.00 11.84 India 11.94 24.40 1.00 25.00 3.74 0.00 8.60 Major Importers 8/ 47.94 39.65 38.69 75.22 2.95 0.00 48.11 Mexico 0.44 1.22 0.96 1.85 0.40 0.00 0.37 China 37.79 26.80 7.84 33.75 0.12 0.00 38.56 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.20 8.50 0.00 0.00 2.33 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. World 86.16 116.32 37.13 109.09 37.78 -0.16 92.89 World Less China 47.60 85.62 30.63 72.59 37.66 -0.16 53.75 United States 3.75 14.47 0.01 2.00 13.00 0.02 3.20 Total Foreign 82.41 101.85 37.13 107.09 24.78 -0.18 89.69 Major Exporters 4/ 31.87 55.83 2.27 31.58 20.68 -0.19 37.90 Central Asia 5/ 2.42 5.73 0.04 3.83 1.19 0.00 3.18 Afr. Fr. Zone 6/ 1.54 4.02 3/ 0.10 4.02 0.00 1.43 S. Hemis. 7/ 18.99 20.53 0.15 4.21 13.81 -0.19 21.84 Australia 4.96 5.50 3/ 0.01 6.70 -0.19 3.94 Brazil 11.84 13.20 0.02 3.20 6.50 0.00 15.35 India 8.60 25.00 1.75 23.00 1.25 0.00 11.10 Major Importers 8/ 48.11 42.88 32.40 71.68 2.80 0.01 48.90 Mexico 0.37 1.58 0.90 1.80 0.40 0.00 0.65 China 38.56 30.70 6.50 36.50 0.13 0.00 39.14 European Union 9/ 0.30 1.64 0.55 0.56 1.47 0.00 0.46 Turkey 2.77 4.90 4.00 7.30 0.75 0.01 3.61 Pakistan 1.93 3.90 4.30 8.60 0.03 0.00 1.50 Indonesia 0.46 3/ 1.50 1.60 0.02 0.00 0.35 Thailand 0.15 3/ 0.73 0.73 0.00 0.00 0.15 Bangladesh 2.33 0.15 6.70 7.30 0.00 0.00 1.88 Vietnam 1.02 3/ 6.35 6.40 0.00 0.00 0.98 ================================================================================ WASDE - 637 - 27 June 2023 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2023/24 Proj. World May 92.63 115.69 42.84 116.23 42.85 -0.20 92.28 Jun 92.89 116.72 43.74 117.00 43.75 -0.20 92.79 World Less China May 53.19 88.19 33.84 78.73 42.75 -0.20 53.94 Jun 53.75 89.72 34.24 79.50 43.65 -0.20 54.75 United States May 3.50 15.50 0.01 2.20 13.50 0.01 3.30 Jun 3.20 16.50 0.01 2.20 14.00 0.01 3.50 Total Foreign May 89.13 100.19 42.83 114.03 29.35 -0.20 88.98 Jun 89.69 100.22 43.73 114.80 29.75 -0.20 89.29 Major Exporters 4/ May 37.09 57.86 2.12 33.70 25.35 -0.20 38.23 Jun 37.90 57.84 2.12 33.70 25.73 -0.20 38.63 Central Asia 5/ May 3.16 5.41 0.10 4.27 1.43 0.00 2.97 Jun 3.18 5.41 0.10 4.27 1.43 0.00 2.99 Afr. Fr. Zone 6/ May 1.75 5.34 3/ 0.10 5.37 0.00 1.62 Jun 1.43 5.32 3/ 0.10 5.20 0.00 1.45 S. Hemis. 7/ May 21.39 21.03 0.17 4.30 15.73 -0.20 22.76 Jun 21.84 21.03 0.17 4.30 16.28 -0.20 22.66 Australia May 4.14 5.80 3/ 0.01 6.00 -0.20 4.13 Jun 3.94 5.80 3/ 0.01 6.00 -0.20 3.93 Brazil May 14.75 13.25 0.02 3.30 8.70 0.00 16.02 Jun 15.35 13.25 0.02 3.30 9.25 0.00 16.07 India May 10.45 25.50 1.50 24.50 2.40 0.00 10.55 Jun 11.10 25.50 1.50 24.50 2.40 0.00 11.20 Major Importers 8/ May 49.15 39.23 38.36 76.34 2.55 0.00 47.86 Jun 48.90 39.33 39.21 77.09 2.57 0.00 47.78 Mexico May 0.62 1.28 0.95 1.90 0.40 0.00 0.55 Jun 0.65 1.28 1.00 1.95 0.40 0.00 0.57 China May 39.44 27.50 9.00 37.50 0.10 0.00 38.34 Jun 39.14 27.00 9.50 37.50 0.10 0.00 38.04 European Union 9/ May 0.46 1.49 0.57 0.62 1.50 0.00 0.40 Jun 0.46 1.49 0.57 0.62 1.50 0.00 0.40 Turkey May 3.63 3.50 4.30 7.90 0.50 0.00 3.03 Jun 3.61 3.50 4.40 8.00 0.50 0.00 3.01 Pakistan May 1.50 5.30 4.70 9.60 0.03 0.00 1.88 Jun 1.50 5.90 4.50 9.80 0.05 0.00 2.05 Indonesia May 0.35 3/ 2.20 2.20 0.01 0.00 0.35 Jun 0.35 3/ 2.30 2.30 0.01 0.00 0.35 Thailand May 0.15 3/ 0.74 0.74 0.00 0.00 0.15 Jun 0.15 3/ 0.74 0.74 0.00 0.00 0.15 Bangladesh May 1.88 0.16 8.00 8.00 0.00 0.00 2.04 Jun 1.88 0.16 8.10 8.10 0.00 0.00 2.04 Vietnam May 0.93 3/ 6.90 6.90 0.00 0.00 0.93 Jun 0.98 3/ 7.10 7.10 0.00 0.00 0.98 ================================================================================ WASDE - 637 - 28 June 2023 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2021/22 World 2/ 100.06 359.91 156.59 314.23 363.82 154.02 98.73 World Less China 69.21 343.51 65.03 226.33 255.42 153.91 68.41 United States 6.99 121.53 0.43 59.98 62.77 58.72 7.47 Total Foreign 93.07 238.38 156.16 254.25 301.06 95.30 91.26 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.26 51.91 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.24 20.29 123.79 116.74 144.66 0.42 33.23 China 30.86 16.40 91.57 87.90 108.40 0.10 30.32 European Union 1.56 2.83 14.55 15.40 16.97 0.29 1.68 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.27 0.02 0.69 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. World 2/ 98.73 369.57 165.32 312.20 363.82 168.49 101.32 World Less China 68.41 349.29 67.32 221.20 251.12 168.39 65.53 United States 7.47 116.38 0.54 60.42 63.69 54.43 6.27 Total Foreign 91.26 253.20 164.78 251.79 300.13 114.05 95.05 Major Exporters 3/ 51.91 191.00 8.97 86.59 96.90 103.60 51.38 Argentina 23.90 25.00 8.70 30.00 36.25 3.80 17.55 Brazil 27.60 156.00 0.25 53.50 57.30 93.00 33.55 Paraguay 0.18 8.80 0.01 3.00 3.13 5.70 0.16 Major Importers 4/ 33.23 23.74 131.36 119.69 149.19 0.37 38.77 China 30.32 20.28 98.00 91.00 112.70 0.10 35.80 European Union 1.68 2.55 13.90 14.70 16.28 0.25 1.61 Southeast Asia 5/ 0.69 0.49 9.56 4.89 9.99 0.02 0.73 Mexico 0.30 0.18 6.40 6.50 6.55 0.00 0.33 2023/24 Proj. World 2/ May 101.04 410.59 169.77 332.31 386.49 172.41 122.50 Jun 101.32 410.70 169.82 331.91 386.09 172.41 123.34 World Less China May 65.25 390.09 69.77 237.31 268.49 172.31 84.30 Jun 65.53 390.20 69.82 236.91 268.09 172.31 85.15 United States May 5.86 122.74 0.54 62.87 66.29 53.75 9.11 Jun 6.27 122.74 0.54 62.87 66.29 53.75 9.52 Total Foreign May 95.18 287.84 169.23 269.45 320.21 118.66 113.39 Jun 95.05 287.96 169.28 269.05 319.81 118.66 113.83 Major Exporters 3/ May 51.53 223.90 6.18 95.85 106.79 109.40 65.42 Jun 51.38 223.90 6.18 95.35 106.29 109.40 65.77 Argentina May 18.15 48.00 5.70 36.50 43.20 4.60 24.05 Jun 17.55 48.00 5.70 36.00 42.70 4.60 23.95 Brazil May 33.10 163.00 0.45 55.75 59.70 96.50 40.35 Jun 33.55 163.00 0.45 55.75 59.70 96.50 40.80 Paraguay May 0.16 10.00 0.02 3.50 3.65 5.90 0.63 Jun 0.16 10.00 0.02 3.50 3.65 5.90 0.63 Major Importers 4/ May 38.64 24.56 134.64 124.83 155.80 0.42 41.62 Jun 38.77 24.68 134.64 124.93 155.90 0.42 41.77 China May 35.80 20.50 100.00 95.00 118.00 0.10 38.20 Jun 35.80 20.50 100.00 95.00 118.00 0.10 38.20 European Union May 1.48 3.10 14.00 15.15 16.74 0.30 1.54 Jun 1.61 3.22 14.00 15.15 16.74 0.30 1.78 Southeast Asia 5/ May 0.73 0.47 10.64 5.48 10.73 0.02 1.10 Jun 0.73 0.47 10.64 5.58 10.83 0.02 1.00 Mexico May 0.33 0.24 6.55 6.60 6.66 0.00 0.46 Jun 0.33 0.24 6.55 6.60 6.66 0.00 0.46 ================================================================================ WASDE - 637 - 29 June 2023 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2021/22 World 2/ 15.17 246.53 66.93 244.20 68.75 15.68 World Less China 15.17 176.91 66.87 175.01 68.26 15.68 United States 0.31 47.01 0.59 35.35 12.27 0.28 Total Foreign 14.86 199.52 66.34 208.85 56.48 15.40 Major Exporters 3/ 6.54 76.39 0.79 29.15 47.74 6.84 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.06 39.31 0.01 19.55 20.21 3.62 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 2.39 22.60 38.56 60.10 1.12 2.34 European Union 0.54 12.17 16.70 28.04 0.77 0.60 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.60 3.47 18.33 21.54 0.33 1.53 China 0.00 69.62 0.06 69.19 0.48 0.00 2022/23 Est. World 2/ 15.68 245.36 62.36 245.75 65.55 12.11 World Less China 15.68 173.29 62.31 173.82 65.35 12.11 United States 0.28 47.69 0.61 35.56 12.70 0.32 Total Foreign 15.40 197.68 61.75 210.18 52.85 11.79 Major Exporters 3/ 6.84 72.86 0.07 29.93 44.45 5.39 Argentina 2.80 23.40 0.00 3.35 21.10 1.75 Brazil 3.62 41.46 0.02 20.00 21.65 3.45 India 0.42 8.00 0.05 6.58 1.70 0.19 Major Importers 4/ 2.34 22.51 37.08 59.12 1.01 1.79 European Union 0.60 11.61 16.00 27.04 0.70 0.47 Mexico 0.15 5.14 1.85 6.95 0.01 0.18 Southeast Asia 5/ 1.53 3.80 17.60 21.54 0.30 1.09 China 0.00 72.07 0.05 71.92 0.20 0.00 2023/24 Proj. World 2/ May 12.27 260.85 66.87 255.47 69.98 14.54 Jun 12.11 260.54 66.42 255.14 69.53 14.40 World Less China May 12.27 185.61 66.82 180.68 69.48 14.54 Jun 12.11 185.30 66.37 180.35 69.03 14.40 United States May 0.32 49.33 0.59 36.45 13.43 0.36 Jun 0.32 49.33 0.59 36.45 13.43 0.36 Total Foreign May 11.95 211.52 66.28 219.02 56.55 14.18 Jun 11.79 211.21 65.83 218.69 56.10 14.04 Major Exporters 3/ May 5.52 79.52 0.12 31.30 47.20 6.66 Jun 5.39 79.13 0.12 31.30 46.90 6.43 Argentina May 1.82 28.47 0.01 3.45 24.70 2.15 Jun 1.75 28.08 0.01 3.45 24.30 2.09 Brazil May 3.50 43.21 0.01 20.70 21.70 4.32 Jun 3.45 43.21 0.01 20.70 21.80 4.16 India May 0.20 7.84 0.10 7.15 0.80 0.19 Jun 0.19 7.84 0.10 7.15 0.80 0.18 Major Importers 4/ May 1.85 23.42 38.00 60.05 1.20 2.02 Jun 1.79 23.49 37.68 60.05 1.05 1.86 European Union May 0.43 11.97 15.85 26.89 0.85 0.51 Jun 0.47 11.97 15.75 26.99 0.70 0.49 Mexico May 0.18 5.22 1.95 7.10 0.02 0.23 Jun 0.18 5.22 1.95 7.10 0.02 0.23 Southeast Asia 5/ May 1.19 4.27 18.55 22.46 0.33 1.23 Jun 1.09 4.35 18.33 22.36 0.33 1.08 China May 0.00 75.24 0.05 74.79 0.50 0.00 Jun 0.00 75.24 0.05 74.79 0.50 0.00 ================================================================================ WASDE - 637 - 30 June 2023 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2021/22 World 2/ 5.37 59.22 11.54 59.21 12.24 4.69 World Less China 4.34 43.47 11.25 42.51 12.13 4.42 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.40 47.36 11.41 47.95 11.44 3.78 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.49 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.68 18.90 6.64 26.16 0.28 0.78 China 1.03 15.75 0.29 16.70 0.11 0.26 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.36 1.19 1.42 2.53 0.14 0.31 2022/23 Est. World 2/ 4.69 58.70 9.75 57.98 10.62 4.53 World Less China 4.42 42.39 9.30 41.68 10.53 3.90 United States 0.90 11.88 0.15 11.85 0.20 0.88 Total Foreign 3.78 46.82 9.60 46.13 10.41 3.65 Major Exporters 3/ 1.49 19.60 0.53 12.66 7.63 1.33 Argentina 0.52 5.93 0.00 2.30 3.75 0.41 Brazil 0.41 10.30 0.08 7.98 2.40 0.41 European Union 0.55 2.79 0.45 2.33 0.98 0.49 Major Importers 4/ 0.78 19.38 5.53 24.47 0.16 1.07 China 0.26 16.31 0.45 16.30 0.09 0.63 India 0.19 1.80 3.15 4.94 0.02 0.18 North Africa 5/ 0.31 0.88 1.28 2.22 0.05 0.20 2023/24 Proj. World 2/ May 4.56 62.47 10.87 60.84 11.78 5.28 Jun 4.53 62.36 10.80 60.80 11.68 5.21 World Less China May 3.93 45.45 10.37 43.74 11.68 4.33 Jun 3.90 45.33 10.30 43.70 11.58 4.26 United States May 0.88 12.31 0.16 12.25 0.27 0.83 Jun 0.88 12.31 0.16 12.25 0.27 0.83 Total Foreign May 3.68 50.16 10.71 48.59 11.51 4.45 Jun 3.65 50.04 10.65 48.56 11.41 4.38 Major Exporters 3/ May 1.33 21.52 0.38 13.36 8.49 1.38 Jun 1.33 21.39 0.43 13.41 8.39 1.34 Argentina May 0.40 7.21 0.00 2.55 4.60 0.46 Jun 0.41 7.11 0.00 2.55 4.50 0.47 Brazil May 0.46 10.73 0.03 8.53 2.20 0.49 Jun 0.41 10.73 0.03 8.53 2.20 0.44 European Union May 0.44 2.92 0.35 2.22 1.10 0.40 Jun 0.49 2.88 0.40 2.27 1.10 0.41 Major Importers 4/ May 1.01 20.27 6.06 25.67 0.20 1.47 Jun 1.07 20.27 5.99 25.65 0.20 1.48 China May 0.63 17.02 0.50 17.10 0.10 0.95 Jun 0.63 17.02 0.50 17.10 0.10 0.95 India May 0.17 1.73 3.20 4.94 0.02 0.15 Jun 0.18 1.73 3.20 4.94 0.02 0.16 North Africa 5/ May 0.20 1.05 1.56 2.47 0.07 0.26 Jun 0.20 1.05 1.49 2.40 0.07 0.26 ================================================================================ WASDE - 637 - 31 June 2023 U.S. Quarterly Animal Product Production 1/ ================================================================================ Year Red Total Red and meat poultry meat & quarter Beef Pork 2/ Broiler Turkey 3/ poultry Egg Milk ================================================================================ Million Pounds Mil doz Bil lbs 2022 II 7072 6639 13758 11279 1275 12697 26455 2218 57.8 III 7144 6534 13723 11896 1264 13312 27035 2259 56.4 IV 7052 6919 14017 11861 1310 13310 27327 2277 55.9 Annual 28291 26996 55471 46206 5222 51997 107469 9074 226.5 2023 I 6821 7071 13937 11549 1348 13039 26976 2209 56.9 II* 6725 6635 13405 11300 1325 12770 26175 2285 58.2 III* 6820 6605 13470 12150 1300 13595 27065 2355 56.9 IV* 6720 7065 13831 11900 1410 13440 27271 2430 56.4 MayProj. 26921 27381 54482 47048 5404 53009 107491 9278 228.6 JunProj. 27086 27376 54642 46899 5383 52844 107486 9279 228.4 2024 I* 6250 6930 13224 11760 1390 13290 26514 2355 57.7 MayProj. 24745 27350 52275 47820 5640 54015 106290 9615 230.8 JunProj. 24795 27350 52325 47820 5640 54015 106340 9615 230.8 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 II 141.93 75.58 167.5 143.9 251.6 26.97 III 143.42 80.20 136.1 165.4 295.6 24.57 IV 152.99 63.49 123.5 177.5 411.7 25.17 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.90 54.83 124.5 170.8 315.9 21.93 II* 179.00 57.00 142.0 160.0 135.0 19.75 III* 173.00 60.00 127.0 168.0 130.0 18.20 IV* 174.00 55.00 127.0 173.0 145.0 20.00 MayProj. 166.5 56.5 131.6 171.5 187.7 20.50 JunProj. 171.7 56.7 130.1 168.0 181.5 19.95 2024 I* 182.00 60.00 127.0 165.0 155.0 20.00 MayProj. 172 62 129 167 144 19.90 JunProj. 180 62 129 167 144 19.65 ================================================================================ WASDE - 637 - 32 June 2023 U.S. Meats Supply and Use ================================================================================ Disappearance Beg- Produc- Per Item inning tion Total Ending capita stocks 1/ Imports Supply Exports stocks Total 2/ 3/ ================================================================================ Million Pounds 4/ Beef 2022 676 28359 3391 32426 3536 723 28166 59.1 2023 Proj. May 723 26989 3501 31213 3224 670 27319 57.0 Jun 723 27154 3501 31378 3224 650 27504 57.4 2024 Proj. May 670 24813 3560 29043 2950 650 25443 52.8 Jun 650 24863 3560 29073 2950 640 25483 52.9 Pork 2022 446 27011 1344 28800 6338 504 21958 51.1 2023 Proj. May 504 27396 1069 28969 6503 545 21921 50.7 Jun 504 27391 1069 28964 6803 545 21616 50.0 2024 Proj. May 545 27365 1155 29065 6320 575 22170 51.0 Jun 545 27365 1155 29065 6820 575 21670 49.9 TotalRed Meat5/ 2022 1147 55564 5093 61804 9880 1256 50669 111.6 2023 Proj. May 1256 54575 4909 60740 9733 1247 49760 109.1 Jun 1256 54736 4909 60900 10033 1227 49640 108.8 2024 Proj. May 1247 52368 5085 58699 9276 1252 48172 105.3 Jun 1227 52418 5085 58729 9776 1242 47712 104.2 Broiler 2022 705 45711 176 46593 7278 892 38423 98.9 2023 Proj. May 892 46545 68 47505 7383 880 39242 100.5 Jun 892 46397 70 47360 7383 880 39097 100.1 2024 Proj. May 880 47308 40 48228 7570 900 39758 101.2 Jun 880 47308 40 48228 7570 900 39758 101.2 Turkey 2022 166 5222 85 5473 408 190 4876 14.6 2023 Proj. May 190 5404 42 5636 370 200 5066 15.1 Jun 190 5383 42 5615 385 200 5030 15.0 2024 Proj. May 200 5640 32 5872 390 200 5282 15.7 Jun 200 5640 32 5872 390 200 5282 15.7 Total Poultry6/ 2022 874 51502 268 52645 7715 1087 43843 115.2 2023 Proj. May 1087 52505 115 53708 7768 1085 44854 117.3 Jun 1087 52342 117 53546 7783 1085 44678 116.8 2024 Proj. May 1085 53503 78 54666 7976 1105 45585 118.5 Jun 1085 53503 78 54666 7976 1105 45585 118.5 RedMeat& Poultry 2022 2021 107067 5362 114449 17595 2343 94512 226.8 2023 Proj. May 2343 107081 5024 114447 17502 2332 94614 226.4 Jun 2343 107077 5026 114446 17817 2312 94318 225.6 2024 Proj. May 2332 105871 5163 113365 17252 2357 93757 223.8 Jun 2312 105921 5163 113395 17752 2347 93297 222.7 ================================================================================ WASDE - 637 - 33 June 2023 U.S. Egg Supply and Use ================================================================================ 2021 2022 2023Proj. 2023Proj. 2024Proj. 2024Proj. Commodity May Jun May Jun ================================================================================ Million Dozen Eggs Supply BeginningStocks 24.5 19.1 18.8 18.8 20.0 20.0 Production 9297.9 9073.8 9277.5 9279.1 9615.0 9615.0 Imports 18.2 25.9 22.9 23.1 18.0 18.0 Total Supply 9340.6 9118.8 9319.1 9320.9 9653.0 9653.0 Use Exports 392.2 226.5 205.3 207.7 245.0 245.0 Hatching Use 1103.9 1116.4 1126.2 1126.4 1145.0 1145.0 Ending Stocks 19.1 18.8 20.0 20.0 20.0 20.0 Disappearance Total 7825.4 7757.2 7967.6 7966.9 8243.0 8243.0 Per Capita (number) 282.5 279.0 285.1 285.1 293.2 293.2 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2021 2022 2023Proj. 2023Proj. 2024Proj. 2024Proj. Commodity May Jun May Jun ================================================================================ Billion Pounds Milk Production 226.3 226.5 228.6 228.4 230.8 230.8 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 15.6 14.3 14.4 14.4 14.6 14.6 Marketings 225.3 225.5 227.6 227.4 229.8 229.8 Imports 6.5 7.1 7.7 7.8 7.7 7.7 Total Supply 247.4 246.9 249.8 249.7 252.1 252.0 FatBasisUse Exports 11.5 13.4 12.1 11.9 12.8 12.8 Ending Stocks 14.3 14.4 14.6 14.6 14.6 14.6 Domestic Use 221.5 219.1 223.1 223.2 224.7 224.7 Skim-solidBasisSupply BeginningStocks 10.9 11.1 11.7 11.7 12.1 12.1 Marketings 225.3 225.5 227.6 227.4 229.8 229.8 Imports 5.8 6.7 6.8 6.7 7.0 7.0 Total Supply 241.9 243.3 246.1 245.8 248.9 248.8 Skim-solidBasisUse Exports 50.8 52.5 51.3 51.1 53.9 53.8 Ending Stocks 11.1 11.7 12.1 12.1 12.1 12.1 Domestic Use 180.1 179.1 182.8 182.7 182.9 182.9 ================================================================================ WASDE - 637 - 34 June 2023 U.S. Dairy Prices ================================================================================ Commod- 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. ity May Jun May Jun ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.6755 2.1122 1.825 1.730 1.820 1.775 Butter 1.7325 2.8665 2.430 2.435 2.335 2.335 Nonfat Dry Milk 1.2693 1.6851 1.185 1.190 1.120 1.130 Dry Whey 0.5744 0.6057 0.395 0.370 0.370 0.360 Milk Prices 2/ Dollars Per Cwt ClassIII 17.08 21.96 17.75 16.70 17.50 17.00 Class IV 16.09 24.47 18.30 18.35 17.35 17.45 All Milk 3/ 18.53 25.34 20.50 19.95 19.90 19.65 ================================================================================ WASDE - 637 - 35 June 2023 Reliability of June Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons WHEAT Production World 3.0 5.0 16.0 0.4 32.2 26 16 U.S. 6.1 10.3 2.7 0.0 8.4 23 19 Foreign 3.1 5.3 14.9 1.1 31.9 25 16 Exports World 6.0 10.1 6.4 0.0 19.2 28 13 U.S. 11.8 19.8 2.8 0.0 10.2 23 18 Foreign 6.5 10.9 5.7 0.6 19.8 30 11 Domestic Use World 2.2 3.7 10.5 0.3 27.7 25 17 U.S. 6.9 11.7 1.7 0.0 6.4 18 24 Foreign 2.2 3.7 10.4 0.6 28.6 27 14 Ending Stocks World 10.0 16.9 12.5 0.6 40.5 26 16 U.S. 18.2 30.7 3.3 0.1 14.9 23 19 Foreign 10.2 17.2 10.5 0.2 36.1 26 15 COARSE GRAINS 2/ Production World 3.6 6.0 27.1 0.6 103.3 23 19 U.S. 13.3 22.4 20.0 0.5 103.8 22 20 Foreign 2.7 4.6 14.6 0.4 45.6 21 20 Exports World 7.5 12.7 7.8 0.3 24.0 29 13 U.S. 28.9 48.6 8.6 0.1 30.8 18 24 Foreign 13.3 22.3 6.9 0.5 19.2 27 14 Domestic Use World 1.9 3.2 14.8 0.3 66.7 19 23 U.S. 5.5 9.2 7.6 0.1 37.0 25 17 Foreign 2.0 3.4 12.1 0.1 38.2 20 21 Ending Stocks World 20.4 34.4 26.1 1.7 170.1 28 14 U.S. 54.0 90.9 16.1 0.1 57.6 24 18 Foreign 17.0 28.7 15.7 0.1 155.2 30 11 RICE, milled Production World 2.3 3.9 7.0 0.3 21.8 27 15 U.S. 7.5 12.6 0.4 0.0 1.1 22 20 Foreign 2.4 4.0 6.9 0.4 21.9 26 15 Exports World 9.5 16.0 1.9 0.1 7.5 30 12 U.S. 12.3 20.6 0.3 0.0 1.0 19 20 Foreign 10.4 17.5 1.9 0.1 7.1 30 11 Domestic Use World 1.8 3.1 4.9 0.0 20.3 27 15 U.S. 8.5 14.3 0.2 0.0 0.6 18 23 Foreign 1.9 3.1 4.8 0.0 20.8 28 13 Ending Stocks World 14.3 24.0 7.9 0.2 26.7 29 13 U.S. 32.4 54.6 0.3 0.0 0.9 21 19 Foreign 15.4 26.0 8.1 0.4 26.4 29 12 ================================================================================ WASDE - 637 - 36 June 2023 Reliability of June Projections (Continued) 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons SOYBEANS Production World NA NA 13.2 0.1 36.2 7 12 U.S. 9.0 15.1 4.9 0.0 16.2 22 20 Foreign NA NA 10.0 0.2 37.0 6 12 Exports World NA NA 6.0 0.5 17.3 10 9 U.S. 15.2 25.7 3.5 0.3 14.0 23 19 Foreign NA NA 5.0 0.4 19.1 12 6 Domestic Use World NA NA 7.8 0.3 17.9 7 12 U.S. 6.0 10.1 1.9 0.1 7.2 25 17 Foreign NA NA 7.2 0.4 17.5 7 11 Ending Stocks World NA NA 8.1 0.1 26.2 9 10 U.S. 66.4 111.8 3.4 0.4 16.6 14 28 Foreign NA NA 6.3 0.3 19.1 10 8 COTTON Production World 5.9 9.9 4.1 0.0 16.4 22 19 U.S. 11.5 19.3 1.6 0.1 5.7 20 22 Foreign 5.9 9.9 3.2 0.2 12.4 22 19 Exports World 10.8 18.2 2.5 0.1 12.4 23 19 U.S. 28.4 47.9 1.4 0.1 4.0 24 18 Foreign 13.6 22.9 1.9 0.1 9.9 21 20 Domestic Use World 5.5 9.3 3.7 0.1 20.3 17 25 U.S. 10.4 17.4 0.5 0.0 1.4 18 23 Foreign 5.7 9.5 3.6 0.0 19.9 20 21 Ending Stocks World 16.9 28.4 6.8 0.5 19.9 27 15 U.S. 45.2 76.0 1.5 0.1 4.7 21 21 Foreign 16.1 27.2 5.8 0.3 19.2 28 13 ================================================================================ WASDE - 637 - 37 June 2023 Reliability of United States June Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Bushels CORN Production 15.7 26.4 779 8 4010 21 21 Exports 30.1 50.7 313 38 1150 20 22 Domestic Use 12.9 21.6 433 0 5888 24 17 Ending Stocks 63.4 106.8 586 17 2091 24 18 SORGHUM Production 25.0 42.0 85 0 228 21 20 Exports 52.4 88.3 53 0 195 19 22 Domestic Use 28.1 47.3 54 0 140 19 22 Ending Stocks 65.4 110.2 43 0 191 16 25 BARLEY Production 14.8 25.0 26 1 206 16 26 Exports 77.0 129.7 13 0 92 21 17 Domestic Use 11.6 19.5 28 0 95 19 22 Ending Stocks 23.0 38.8 22 1 79 18 24 OATS Production 23.8 40.0 28 1 231 8 34 Exports 106.9 180.1 1 0 8 12 12 Domestic Use 10.9 18.4 19 0 160 13 27 Ending Stocks 29.5 49.6 16 0 77 12 28 Thousand Short Tons SOYBEAN MEAL Production 5.4 9.2 1269 57 4919 26 16 Exports 16.9 28.5 959 50 2650 26 16 Domestic Use 4.5 7.6 862 24 4650 23 19 Ending Stocks 43.4 73.2 54 0 488 13 17 Million Pounds SOYBEAN OIL Production 5.2 8.7 636 18 2330 30 12 Exports 45.7 76.9 448 0 1700 24 17 Domestic Use 4.1 7.0 476 0 2100 25 16 Ending Stocks 36.3 61.2 443 0 1432 22 19 ANIMAL PROD. 3/ Million Pounds Beef 3.9 6.6 753 41 2727 21 8 Pork 3.3 5.5 520 14 1722 17 12 Broilers 2.3 3.9 637 55 1465 13 16 Turkeys 4.0 6.8 171 2 478 12 17 Million Dozen Eggs 1.8 3.1 116 2 473 19 10 Billion Pounds Milk 1.6 2.7 2.4 0.2 7.0 14 15 ================================================================================